Reverse Mortgage Refinance
HECM (Home Equity Conversion Mortgage) Loan – also known as a Reverse Mortgage – can be an important financial option for seniors, their family members, and financial professionals to consider as part of an overall retirement planning strategy or to help meet cash flow needs.
Over the Past 50+ years the Reverse Mortgage has positively grown in popularity and has developed into an intelligent option to increase the financial independence for homeowners 62 years of age or older.
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What is a Reverse Mortgage Refinance?
HECM (Home Equity Conversion Mortgage) otherwise known as a Reverse Mortgage is a specific mortgage tool designed to help home owners age 62 years and older to access their homes equity and convert it into cash to help supplement their retirement needs. You’ve worked hard to pay down or pay off your home, it’s important to know that you have a mortgage tool designed to help you with your cash flow and retirement needs.
The Lower-Cost Reverse Mortgage Refinance offered by Tony Meuers at Finance of America Mortgage offers all the traditional features and benefits of a reverse mortgage with less closings costs* You could receive a credit at closing that could cover part of your closing costs, which will directly increase your available cash from your Reverse Mortgage.
*Not available for HECM for Purchase Loans.